Retail Underwriting Analyst

The headquarters of the AXA Group (GIE AXA) brings together our corporate activities. It provides guidance and support to subsidiaries around the world to ensure the coordination and monitoring of the Group's global strategy, the application of its standards, the consistency of commercial approaches, and the sharing of best practices. The headquarters gathers approximately 1000 employees and is distinguished by its strong international culture (45 nationalities), which makes it a rich and stimulating place to work.

Within the Group, you will join the Group Underwriting Office department (GUO).

The newly created Global Chief Underwriting Office is accountable for establishing, enabling, and driving profit and growth through Product Underwriting Strategy, Portfolio Design, and Technical Underwriting Excellence in partnership with the AXA Entities, for both Commercial and Retail, through:

• Portfolio Design Steering
• Underwriting Product Strategy and Profitability Measurement
• Technical Underwriting Guidance
• Pricing Models, Platforms, and Analytics
• Risk Appetite deployment
• Ceded Reinsurance strategy design and purchasing

Your job and daily missions:

The purpose of the P&C Retail Underwriting Analyst position is to drive technical excellence in retail underwriting with entities worldwide, supporting them in achieving growth and profitability. With the support of the other more senior team members, your role will be articulated on the following main dimensions:

Technical Underwriting Authority:

• Helping to set guidelines, limits & derogations, bringing technical expertise and local specificities.
• Providing technical opinion on “out-of-boundaries” local UW cases referred to the group.
• Ensuring the adherence of entities with their technical UW authority.
• Participating in technical reviews when requested.

Performance Measurement:

• Consolidating monthly reports to steer markets performance, leveraging existing tools & data.
• Monitoring execution of local recovery programs, also proposing recommendations.
• Engaging with entities and following their operations progress, notably portfolio steering capabilities.

Underwriting Product Strategy:

• Helping to grasp the variety of product offerings and transformation of business.
• Utilizing internal and external data, including innovative technologies, for underwriting purposes.

The employee will also be identified as a key contact for defined Entities throughout the world and will maintain regular contact with them to develop the relationship, identify, and anticipate topics that are likely to evolve as local key concerns.

DIMENSIONS

Main Figures:

• 20+ countries/entities as well as 2 regional hubs (European Market, International Markets).
• €17bn of revenues in scope for P&C Retail business.
• 70+ requests for Underwriting non-authorized business per year, representing GWP ~€2bn.

CONTEXT AND MAJOR CHALLENGES

The P&C Retail business is a core pillar of the Group in terms of both Underlying Earnings (>33% of total) and customer base (20m+). Although each market AXA operates in has its own dynamics, regulations, and challenges, the fundamental requirements and propositions for the retail business are similar, covering at large motor, home, and travel insurance.

Technical & Soft Skills:

• Very good analytical and concise communication.
• Ability to work in a network, with tight deadlines and team spirit.
• Good organizational and time management skills.
• Good written & oral communication skills.
• Ability to challenge a variety of topics impacting the insurance value chain.
• Taste for identifying the explicit & implicit rules of the different insurance markets.
• English: Oral & written communication skills to easily interact in an international environment.

Background & Experience:

• Strong analytical/mathematical skills (Master’s in actuarial/Statistics, Engineer, Business Schools, …)
• First experience in underwriting/pricing will be appreciated.

You will join:

• A company with an inclusive culture and a diverse workforce, committed to attracting, developing, advancing, and retaining the most diverse talents, while creating an inclusive culture where everyone can bring their full selves to work and can reach their highest potential.
• A company with strong values.
• A company promoting internal mobility and the training of its employees.
• A company offering many benefits (learn more here: Reward & Benefits | AXA Group).
• A flexible company, allowing hybrid work, in the office and from home.
• A responsible company, towards people, including its employees and customers, and towards the planet.